Alibaba executive vice chairman Joseph Tsai points out, executive chairman Jack Ma found out from talking to Taiwanese entrepreneurs that the common concern is a lack of young successors. In order to help young people build start-ups, Alibaba will give out NT$10 billion (approximately US$ 307 million) of venture funds.

Directed by the Office of Science & Technology, Executive Yuan and hosted by the Ministry of Economic Affairs, the 2018 Innovation Sandbox Exchange Forum was hosted at NEO Studio, Taipei on October 3rd. Audrey Tang, Minister without Portfolio of the Executive Yuan, Zse-hong Tsai, Executive Secretary of the Office of Science & Technology, and Wellington L. Koo, Chairman of the Financial Supervisory Commission were all invited to attend. The Forum hopes to make innovation sandbox an important mechanism amid a comprehensive innovation entrepreneurship environment, as well as a driving force for innovation development in Taiwan.